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JA-G1006 : Boosting Innovation, Growth and Entrepreneurship Ecosystems in Jamaica

Project Status: Implementation

The main objective of the IDB operation is to promote inclusive growth and productivity by fostering innovation in the private sector. The purpose of the program is to jumpstart economic growth by building an ecosystem that supports dynamic entrepreneurship and innovation in MSMEs. The specific objectives are to: (i) promote innovation and productivity among established MSMEs with high growth potential; (ii) promote sustainable and inclusive growth in scalable startups; and (iii) create a sustainable pipeline of high-growth potential startups. Within these objectives, entrepreneurship and innovation activities that tackle gender and climate issues will be targeted and implemented

Project Detail

Project Number
JA-G1006
Approval date
December 16, 2021
Project Country
Jamaica
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
ENTERPRISE DEVELOPMENT, CLUSTERS AND INNOVATION
Project Type
Investment Grants
Project Lending Type
SG
Project Modality
Project Facility Type
Environmental and social impact category
B13
Project Status
Implementation
Operation Number
GRT/ER-19124-JA

Financial Information

Project Number
JA-G1006
Project Status
Implementation

IDB Financing

Financing type
GRT
Fund
European Commission Amended and Restated
Reporting currency
USD - United States Dollar
Reporting date
Sep/27/2022

Roles & Responsibilities

Contract signature date
Feb/22/2022

Project Information

Total Cost
USD 8,687,485
Country counterpart financing
USD 0
Amount
USD 8,687,485